The company, which plans to have electrified options for all its models available by 2025, said the latest move will bring its total investment in the plant to about $13.9 billion and jobs to more than 5,000.
Legacy automakers such as Ford Motor (F.N) and General Motors (GM.N) have been racing to ramp-up their EV output and close the gap with market leader Tesla (TSLA.O), although both Detroit-based companies have scaled back their investment plans after reaching expensive new contract agreements with the United Auto Workers union.
Toyota did not disclose a breakup of the investment and was not immediately available for further comment.
Unlike global peers, Toyota had earlier bet on hybrids and hydrogen-fuel cell vehicles rather than battery EVs, but the world’s top-selling automaker this year announced a pivot, with plans to commercialize advanced batteries and adopt die-casting technology pioneered by Tesla.
Other companies such as Samsung SDI Co (006400.KS), Panasonic and Chrysler-parent Stellantis NV (STLAM.MI) also plan to set up base in the U.S. to develop their battery plants.
